Market Research Future (MRFR)’s extensive study reveals that the global micro-encapsulation market is expected to surge at an exceptional CAGR of 11.22%, surpassing the value of USD 212,761.2 million during the forecast period (2017-2023). Extensive use in various industries such as pharmaceutical & healthcare products, food & beverages, household & personal care products to enhance product functionality fuels the market growth. The market players serve the urge to respond to these new opportunities by expanding their global presence and services.

The global micro-encapsulation market is segmented based on technology, coating material, and application. By coating material, the market is segmented based on polysaccharides, proteins, lipids, and resins. Among all the coating materials, lipids segment accounts for the maximum market share and will continue to lead throughout the forecast period. The segment is presumed to grow at a phenomenal CAGR of 11.50% in the coming years.

By region, the global microencapsulation market is segmented based on North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Globally the North American region has the upper hand and dominates the global market. The region is projected to surge at a CAGR of 10.86% during the forecast period. The growing awareness along with demand for fortified food products, growing demand from the pharmaceutical industry for numerous applications, and the advent of new technologies have driven the market growth in the region.

However, high cost associated with the microencapsulation process may undermine the market growth. On the other hand, rise in demand to enhance product functionality, increasing demand from agrochemicals sector, reduced application cost and growth in research and development activities are inevitably triggering the market growth in the coming years.

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